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Investments, Forward Contracts and Fair Value Measurements (Tables)
 6 Months Ended
Dec. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of available-for-sale securities
As of December 30, 2017, the Company’s available-for-sale securities were as follows (in millions):
 
Amortized Cost/
Carrying Cost
 
Gross Unrealized Losses
 
Fair Value
Available-for-sale debt securities:
 

 
 

 
 

U.S. treasuries
$
94.1

 
$
(0.1
)
 
$
94.0

U.S. agencies
23.0

 
(0.1
)
 
22.9

Municipal bonds and sovereign debt instruments
2.9

 
—

 
2.9

Asset-backed securities
55.9

 
(0.4
)
 
55.5

Corporate securities
336.4

 
(0.4
)
 
336.0

Total available-for-sale debt securities
$
512.3

 
$
(1.0
)
 
$
511.3

 As of July 1, 2017, the Company’s available-for-sale securities were as follows (in millions):
 
Amortized Cost/
Carrying Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

U.S. treasuries
$
56.8

 
$
—

 
$
(0.1
)
 
$
56.7

U.S. agencies
45.0

 
—

 
(0.1
)
 
44.9

Municipal bonds and sovereign debt instruments
4.4

 
—

 
—

 
4.4

Asset-backed securities
71.5

 
—

 
(0.4
)
 
71.1

Corporate securities
326.1

 
0.1

 
(0.2
)
 
326.0

Certificates of deposit
6.0

 
—

 
—

 
6.0

Total available-for-sale securities
$
509.8

 
$
0.1

 
$
(0.8
)
 
$
509.1
Schedule of contractual maturities of available-for-sale securities
As of December 30, 2017, contractual maturities of the Company’s debt securities classified as available-for-sale securities were as follows (in millions):
 
Amortized Cost/
Carrying Cost
 
Estimated
Fair Value
Amounts maturing in less than 1 year
$
413.5

 
$
413.3

Amounts maturing in 1 - 5 years
97.8

 
97.4

Amounts maturing in more than 5 years
1.0

 
0.6

Total debt available-for-sale securities
$
512.3

 
$
511.3
Schedule of assets measured at fair value
Assets measured at fair value as of December 30, 2017 and July 1, 2017 are summarized below (in millions):
 
Fair value measurement as of
 
Fair value measurement as of
 
December 30, 2017
 
July 1, 2017
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
Assets:
 

 
 

 
 

 
 
 
 
 
 
Debt available-for-sale securities
 

 
 

 
 

 
 
 
 
 
 
U.S. treasuries
$
94.0

 
$
94.0

 
$
—

 
$
56.7

 
$
56.7

 
$
—

U.S. agencies
22.9

 
—

 
22.9

 
44.9

 
—

 
44.9

Municipal bonds and sovereign debt instruments
2.9

 
—

 
2.9

 
4.4

 
—

 
4.4

Asset-backed securities
55.5

 
—

 
55.5

 
71.1

 
—

 
71.1

Corporate securities
336.0

 
—

 
336.0

 
326.0

 
—

 
326.0

       Certificate of deposits
—

 
—

 
—

 
6.0

 
—

 
6.0

Total debt available-for-sale securities
511.3

 
94.0

 
417.3

 
509.1

 
56.7

 
452.4

Money market funds
479.9

 
479.9

 
—

 
726.4

 
726.4

 
—

Trading securities
2.2

 
2.2

 
—

 
2.0

 
2.0

 
—

Foreign currency forward contracts
1.9

 
—

 
1.9

 
7.3

 
—

 
7.3

Total assets (1)
$
995.3

 
$
576.1

 
$
419.2

 
$
1,244.8

 
$
785.1

 
$
459.7

 
 
 
 
 
 
 
 
 
 
 
 
Liability:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
0.8

 
—

 
0.8

 
1.3

 
—

 
1.3

Total liabilities (2)
$
0.8

 
$
—

 
$
0.8

 
$
1.3

 
$
—

 
$
1.3

(1) $529.0 million in cash and cash equivalents, $452.3 million in short-term investments, $7.2 million in restricted cash, $1.9 million in prepayments and other current assets, and $4.9 million in other non-current assets on the Company’s Consolidated Balance Sheets as of December 30, 2017. $789.2 million in cash and cash equivalents, $432.2 million in short-term investments, $11.0 million in restricted cash, $7.3 million in prepayments and other current assets, and $5.1 million in other non-current assets on the Company’s Consolidated Balance Sheets as of July 1, 2017.
(2) $0.8 million and $1.3 million in other current liabilities on the Company’s Consolidated Balance Sheets as of December 30, 2017 and July 1, 2017, respectively.